EquityPandit’s Outlook for HDFC Bank for the week (July 20,2020 – July 24, 2020):
BSE: 500180| NSE: HDFCBANK| ISIN: INE040A01026| SECTOR: BANKS
Stock closed the week on Negative note losing 0.60%
Week High: 1113
Week Low: 1034.10
Week Range: 78.90 Points
HDFC Bank Ltd.
Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 1067 levels, Minor resistance on the upside is capped around 1119 levels.
If stock breaches minor support on the downside and closes below it we may see fresh break down and stock can drag towards Major Support on lower side @ 1036 and If stock breaches minor resistance on the upside and closes above it we may see fresh breakout and stock can head towards Major Resistances Level @ 1142
Stock is trading above 200 days exponential moving average, suggests long term trend is bullish. EquityPandit’s Predicts Range for the week as 1142 on upside and 1036 on downside.
WEEKLY PIVOT LEVELS: